DEED OF LEASE
EXHIBIT 10.1
This Deed of Lease (“Deed”) is made at Bangalore on this the 27th day of July, 2017.
RMZ Ecoworld Infrastructure Private Limited (formerly known as Xxxxxx Prime Projects Private Limited), a company incorporated under the Companies Xxx, 0000, having its registered office at Level 12–14, Tower ‘B’, The Millenia, Xx. 0 & 0, Xxxxxx Xxxx, Xxxxxx, Xxxxxxxxx 560 008, duly represented by its Authorised Signatory, Xx. Xxxxxx X Xxxxx, hereinafter referred to as the LESSOR (which expression shall unless excluded by or repugnant to the subject or context be deemed to include its successors in interest, executors and permitted assigns) of the One Part;
MobileIron India Software Private Limited, a Company registered under the Companies Xxx, 0000, having its registered office at 0xx Xxxxx, Xxxxxxx Xxxxx, Xxxxxx Google, Kondapur, Hyderabad 500 084, duly represented by its Regional Head – HR, Xx. Xxxxxx Xxxxx, hereinafter referred to as the LESSEE, (which expression shall unless excluded by or repugnant to the subject or context be deemed to include its successors in interest, executors and permitted assigns) of the Other Part;
(The LESSOR and the LESSEE are collectively referred to hereafter as the “Parties”);
A. |
WHEREAS: |
i) |
The LESSOR herein is the absolute owner and in peaceful possession and enjoyment of the property bearing: |
a. |
Sy. No. 98/1 admeasuring 2 Acres 16 Guntas; |
b. |
Sy. No. 98/2 admeasuring 1 Acre 24 Guntas; |
c. |
Sy. No. 99(P) admeasuring 0 Acre 25 Guntas; and |
all situated at Xxxxxxxxxxxx Xxxxxxx, Xxxxxxx Xxxxx, Xxxxxxxxx East Taluk and totally admeasuring an extent of 04 Acres 25 Guntas morefully described in the Items 1, 2 and 3 of the Schedule A written hereunder and hereinafter referred to as Item Nos. 1, 2 and 3 Properties, which the Lessor has acquired from the Karnataka Industrial Area Development Board (“KIADB”) as follows:
ii) |
The LESSOR had applied to the Karnataka Industrial Area Development Board (‘KIADB’ for short) allotment of various lands situated in Doddakkannelli Village, Devarbeesanahalli Village and Bhoganahalli Village, including inter alia Item Nos. 1, 2 and 3 Properties; |
iii) |
Accordingly, KIADB had, vide Agreements dated 31.12.2004 duly registered as (i) Document No.BAS-1-24726/2004-05, Book I, stored in CD No. BASD 124, and (ii) Document No.BAS-1-01566/2006-07 in Book I, stored in CD No. BASD 235, in the Office of the Sub-Registrar, Bangalore South Taluk, |
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Bangalore allotted inter alia the Item Nos. 1, 2 and 3 Properties to the Lessor. |
iv) |
Subsequently, KIADB has handed over the possession of Item Nos. 1, 2 and 3 Properties to the Lessor, under Possession Certificates Nos. IADB 14667/DDO-I/3175/2003-04 dated 30/31.01.2004 and IADB 14667/11634/2003-04 dated 24.01.2004 respectively; and |
v) |
Subsequently, after compliance with the terms and conditions as stipulated in the aforesaid Agreements dated 31.12.2004 and 19.04.2006, KIADB has executed a Sale Deed dated 28.08.2010, in favour of the Lessor herein, inter alia, in respect of Item Nos. 1, 2 and 3 Properties which was registered on 13.09.2010, as Document No. 3848/2010-11 of Book I and stored in CD No. VRTD 81, in the office of the Senior Sub Registrar, Varthur, Bangalore Urban District; |
vi) |
The Item Nos. 1, 2 and 3 Properties come within the jurisdiction of Bruhat Bangalore Mahanagara Palike (“BBMP”) and BBMP has assigned Katha No.234, to the said Properties vide certificate issued by the Assistant Revenue Officer, Mahadevapura Sub Division; |
B. |
AND WHEREAS: |
i) |
The Lessor herein is the absolute owner and in peaceful possession and enjoyment of the converted land being: |
a. |
Sy. No.101 (P) admeasuring 08 Guntas; |
b. |
Sy. No. 102/1 admeasuring 13 Guntas; |
c. |
Sy. No.102/2 admeasuring 24 Guntas; and |
d. |
Sy. No.100 admeasuring 02 Acres 27 Guntas; |
totally admeasuring 3 Acres 32 Guntas situated at Xxxxxxxxxx Xxxxxxx, Xxxxxxx Xxxxx, Xxxxxxxxx East Taluk (formerly Bangalore Taluk) more fully described in Item No. 4 to 7 of Schedule A hereunder written and hereinafter referred to as Item Nos. 4, 5, 6 and 7 Properties respectively, having acquired the same by and under the following Sale Deeds executed in its favour by M/x. Xxxxxx Developers, M/s. Shivakar Infrastructure, Xx. X.X. Xxxxxxxx and Xx. X.X. Xxxxxxxxxxx, who were the erstwhile owners of the same,-
a) |
Sale Deed dated 02.09.2011 registered as Document No. VRTD – 1 – 04861 - 2011/12 in CD No. VRTD 130 registered in the Office of the Sub Registrar, Varthur, Bangalore, in respect of Item Nos. 4, 6, 7 Properties and a portion of Item No. 5 Property; and |
b) |
Sale Deed dated 02.09.2011 in respect of a portion of Item No. (v) property registered as Document No. VRTD – 1 – 04859 - 2011/12 in CD No. VRTD 130 registered in the Office of the Sub Registrar, Varthur, Bangalore in respect of the remaining portion of Item No. 5 Property; |
ii) |
Item Nos. 4, 5, 6 and 7 properties were initially converted from agricultural to non-agricultural residential purposes vide the following orders; |
a. |
Order No. ALN (E) VB SR/452/2004/05 dated 05.03.2005 for Sy. No.100 measuring 2 Acres 27 Guntas; |
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b. |
Order No. ALN (E) VB SR/456/2004/05 dated 16.03.2005 for Sy. No.101 measuring 2 Acres 21 Guntas; |
c. |
Order No. BDS/ALN SR (SA)/332/2000/01 dated 24.04.2001 for Sy. No. 102/1 admeasuring 1 Acre; |
d. |
Order No. BDS/ALN (E) VB/SR/19/2002/03 dated 12.08.2002 for Sy. No. 102/1 admeasuring 20 Guntas; |
e. |
Order No. ALN SR/(SA) 30/2001/02 dated 12.10.2001 for Sy. Xx. 000/0 xxxxxxxxx 0 Xxxxx 00 Xxxxxx; |
f. |
Order No. ALN (EVH) SR/ 33/2006-07 dated 14.10.2008 in respect of a portion of Item No. 5 Property measuring 0-20 Guntas; |
iii) |
Subsequently, Item Nos. 4, 5, 6 and 7 properties were converted from residential to industrial hi-tech purposes vide the following orders: |
a. |
Order No. ALN (E) VB SR/452/ 2004/05 dated 05.03.2012 for Sy. No.100 measuring 2 Acres 27 Guntas; |
b. |
Order No. ALN (E) VB SR/456/ 2004/05 dated 05.03.2012 for Sy. No.101 measuring 2 Acres 21 Guntas; |
c. |
Order No. BDS/ALN SR (SA)/332/2000/01 dated 05.03.2012 for Sy. No. 102/1 admeasuring 1 Acre and |
d. |
Order No. BDS/ALN (E) VB/SR/19/2002/03 dated 05.03.2012 for Sy. No. 102/1 admeasuring 20 Guntas; |
e. |
Order No. ALN SR/(SA) 30/2001/02 dated 05.03.2012 for Sy. Xx. 000/0 xxxxxxxxx 0 Xxxxx 00 Xxxxxx; |
f. |
Order No. ALN (EVH) SR/33/2006-07 dated 05.03.2012 in respect of the aforesaid portion of Item No. 5 Property; |
C. |
AND WHEREAS: |
i) |
The Lessor is the absolute owner of converted land being a portion of Sy. No. 102/3 admeasuring 0-22 Guntas which is more fully described in Item No. 8 of the Schedule A hereunder written and is hereinafter referred to as Item No. 8 Property; |
ii) |
The Item No. 8 Property was acquired by the Lessor by and under a Deed of Exchange dated 10.05.2005 registered as Document No.VRT-1-00683-2012/13 and stored in CD No. VRTD 152 dated 10.05.2012, in the office of the Sub – Registrar, Varthur, Bangalore executed between the Lessor and one Xx. X.X. Xxxxxxxxxxx Reddy; |
iii) |
Item No. 8 Property has been converted from agricultural to non agricultural industrial (hi-tech) purpose vide Conversion Order bearing No. ALN (EVH) SR/347 2008/09 dated 17.09.2011; |
D. |
AND WHEREAS: |
i) |
The LESSOR is the absolute owner of converted land bearing Sy. No. 99 admeasuring 3 Acres 33 Guntas situated at Xxxxxxxxxxxx Xxxxxxx, Xxxxxxx Xxxxx, Xxxxxxxxx East Taluk (formerly Bangalore South Taluk) which is more fully described in the Item No. 9 of the Schedule A hereunder written and is hereinafter referred to as Item No. 9 Property; |
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ii) |
The Item No. 9 property has been acquired by the Lessor by and under a Sale Deed dated 25.08.2011 duly registered as Document No.VRT-1-94616/2011-12 and stored in CD No. VRTD 128, with the Sub – Registrar, Varthur, Bangalore executed in its favour by Xx. Xxxxxxx Xxxxx and other, M/x. Xxxxxx Developers and M/s. J.N. IT Park; |
iii) |
Out of the extent of 03 Acres and 33 Guntas of Item 9 Property, a portion admeasuring 03 Acres 23 Guntas has been converted from agricultural to non-agricultural residential purpose vide Order No. BDS. ALN (E) VB : SR:221/2003-04 dated 02.09.2003. |
iv) |
The aforesaid portion admeasuring 03 Acres 23 Guntas has subsequently been coverted to non-agricultural hi – tech purpose vide Order No. ALN (E) VB: SR: 221/ 2003-04 dated 05.03.2012 issued by the Spl. Dy. Commissioner, Bangalore District, Bangalore; |
v) |
Further, by an Order bearing No. ALN (EVH) SR:244/2011-12 dated 24.08.2011 issued by the Spl. Dy. Commissioner, Bangalore District, Bangalore the remaining extent of Item No. 9 Property admeasuring 10 Guntas, has also been converted from agricultural to non-agricultural hi-tech purposes; |
E. |
AND WHEREAS the Item Nos. 4 to 9 Properties come within the jurisdiction of BBMP and BBMP had assigned Katha No.286 in the name of the Lessor along with other properties; |
F. |
AND WHEREAS Item Nos. 1, 2, 3, 4, 5, 6, 7, 8 & 9 Properties totally admeasuring approximately 12 Acres 32 Guntas, form one compact block of land, which is more fully described in the Schedule B hereunder and hereinafter referred to as the Schedule B Property. |
G. |
AND WHEREAS the Schedule B Property along with other adjacent immoveable properties were notified as a Special Economic Zone by the Ministry of Commerce and Industry vide Notification dated 28.09.2006 issued under the provisions of Special Economic Xxxxx Xxx, 0000 and rules and regulations framed thereunder (“SEZ Act”); and |
I. |
AND WHEREAS the name of the Lessor which was originally M/x. Xxxxxx Prime Projects Private Limited has since been changed to RMZ Ecoworld Infrastructure Private Limited as evidenced by the Fresh Certificate of Incorporation dated 26.07.2012 issued by the Registrar of Companies, Karnataka; and |
J. |
AND WHEREAS in the aforesaid manner, the Lessor herein has become the absolute owner and in possession and enjoyment of the Schedule B Property. |
K. |
AND WHEREAS the Lessor is, accordingly, in the process of developing buildings comprising of commercial office space on the Schedule B Property (which is also referred to as “Plot C3”), in accordance with the plans sanctioned by the KIADB, in part of a larger Project known as “RMZ Ecoworld”, (the “said Project”) and one of the buildings being so developed, |
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is Campus No. 7 (hereinafter referred to as the “Building”) comprising of 2 [Two] Basements plus ground plus Ten [10] upper floors. |
NOW THEREFORE, IN CONSIDERATION OF THE RENT AGREED TO BE PAID BY THE LESSEE AND THE SECURITY DEPOSIT AGREED TO BE DEPOSITED BY THE LESSEE AS PER THE TERMS HEREIN AND OF THE RECIPROCAL PROMISES AND COVENANTS HEREIN SET FORTH AND FOR OTHER GOOD AND VALUABLE CONSIDERATION, THE RECEIPT, ADEQUACY AND LEGAL SUFFICIENCY OF WHICH ARE HEREBY ACKNOWLEDGED, THE PARTIES MUTUALLY AGREE AS FOLLOWS:
X. |
XXXXX OF LEASE: |
b) |
The specific location of the said Car Parking Spaces shall be as shown on the Plan annexed hereto as Annexure - III A. |
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c) |
The expression “Leasable Built-up Area” as used in this Lease Deed (defined hereunder), shall mean the total area of the Premises for which rent shall be charged viz., (a) the built-up area of the Premises including walls and external finish; and (b) the balconies and sit-outs areas of the Building; and (c) the proportionate share in all the common areas of the Building, lobbies, common amenities and services like lift-well staircase, Electro mechanical rooms, Society rooms, Security Rooms, etc. |
d) |
The expression “Warm Shell Condition” as used in this Deed and in the Lease Deed (defined hereunder), shall mean: |
i. |
Base Building as per Lessor’s standard specifications as annexed hereto as Annexure II; |
ii. |
Power from Bangalore Electricity Supply Company Limited at the rate 0.8 Kva / 100 sqft (Including HVAC and Common Infrastructure Loads); |
iii. |
Finished Toilets as per Lessor’s standard specifications; |
iv. |
Finished Lobbies as per Lessor’s standard specifications; |
v. |
Power Back up 0.8 Kva / 100 sqft (Including HVAC and Common Infrastructure Loads); and |
vi. |
High Side Air-conditioning (Consisting of Common Chillers with piping up to the AHU and the AHU Units on the floors). |
II. |
DELIVERY OF POSSESSION: |
a) |
The Lessor has completed the Building / said Premises in accordance with the specifications provided in Annexure II and has obtained the Occupation Certificate in respect of the Building/ said Premises and has delivered the possession of the said Premises to the Lessee on July 1, 2017. |
III. |
LEASE COMMENCEMENT DATE: |
The Lease in respect of the Premises has commenced on and from the date of delivery of possession of said Premises by the Lessor to the Lessee in accordance with Clause II (a) above, viz., on and from July 1, 2017 and such date shall hereinafter be referred to as the “Lease Commencement Date”.
IV. |
TERMS AND CONDITIONS OF THE LEASE: |
The LESSOR agrees to grant on Lease to the LESSEE and the LESSEE agrees to take on lease from the LESSOR, the said Premises on the following terms and conditions:
The duration of the lease in respect of the Premises shall be 5 (Five) years commencing from the Lease Commencement Date (hereinafter referred to as the “Initial Term”).
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a. |
If the Lessee has not contravened any of the terms and conditions of the lease and requests the Lessor to renew the lease, the Lessor shall grant such renewal, for 1 (One) additional period (such period being referred to as the “Renewed Period”) of 5 (Five) years, on the same terms and conditions as herein contained and such other terms and conditions, if any, as may be mutually agreed upon between the Parties subject, however, to payment of the escalated rent (as per Clause 4 (c) below), escalated maintenance charges and charges for consumption of power, water, back – up power, at the rates applicable at the time of such renewal. |
b. |
Provided that, if the Lessee is desirous of such renewal, the Lessee shall issue a notice of such intent to the Lessor at least 6 (Six) months prior to the expiry of the term of the lease herein. |
d. |
In the event of the Lessee not exercising its option to renew the Lease within the period and in the manner as stated above, the aforesaid option to so renew shall stand abandoned and forfeited unless the Lessor agrees otherwise. |
The obligation of the Lessee to pay rent shall commence on and from September 15, 2017, which date is referred to hereinafter as the “Rent Commencement Date”.
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iii. |
For clarity, the Office Space Rent and the Car Parking Rent are together referred to as “Rent”. |
The Lessee shall pay the Rent and the Taxes for the Premises to the Lessor every month in advance to the Current Account No. 34649389961 of the Lessor, maintained with State Bank of India, Industrial Finance Branch, Mid Corporate Group, Xxxxxxxxx Xxxxx, Xxxxxxxxx Xxxx, Xxxxxxxxx - 000000 SBIN0008598 (IFSC), on or before the 10th day of each English calendar month subject to tax deduction at source. In case the Lessee delays payment of Rent, on the date stipulated herein, the Lessee shall, without prejudice to the right of the Lessor to terminate the Lease as provided for in Clause 15 (a) below, pay simple interest at the rate of 18% per annum on overdue Rent or any portion thereof from the date on which it is due till the date of payment.
The Rent for the Premises shall stand escalated at the rate of 15% (Fifteen Percent Only), every 3 (Three) years commencing from the Lease Commencement Date (including during any renewed period of the Lease), over the Rent paid by the Lessee in the month immediately prior to such escalation.
i. |
A sum equivalent to the Rent payable for 2 (Two) months amounting to Rs. 65,66,184/- (Rupees Sixty Five Lakhs Sixty Six Thousand One Hundred and Eighty Four only) has been paid by the Lessee to the Lessor vide bank transfer UTR Reference No. N138170296133181 dated May 18, 2017, before execution of this Deed of Lease; and |
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Deposit after lawful deductions, if any, of Rent, CAM Charges (defined hereinbelow), electricity charges, or any other amounts due and payable by the Lessee under the Lease Deed. |
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b. |
If the Lessee wishes to terminate the Lease, they shall be entitled to do so by providing 6 (Six) months written notice to the Lessor which may be served only after the expiry of the Lock in Period. |
The Lessor represents, warrants and covenants to the Lessee as follows:-
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e. |
The Lessor confirms that the Lessee shall on and from the Lease Commencement Date, be permitted to make non-structural alterations, (“Lessee’s Improvements”) in a good, xxxxxxx like, safe and sound manner within the Office Space, in accordance with the Lessee's business needs, subject to the Fit Out Guidelines annexed hereto as Annexure VI. |
f. |
The Lessee is aware that the Building is designed to provide for an occupancy of 1 (one) person to every 10 (Ten) Square meters of Leasable Area, floor wise. If the Lessee exceeds above occupancy ratio, the Lessor will not be liable for loss of life, injury, damages, claims, etc., in any manner whatsoever, caused as a result of the same. Further, the Lessee shall be solely responsible for safety and security of its employees, visitors or guests who are visiting/operating in the Premises. The Lessee shall be solely responsible to ensure that no overcrowding of the common areas takes place in the Building/Project and that in the event of any fire or any other emergency (ies) in the Building/ Premises, which requires evacuation of the occupants, it shall be solely responsible for safely evacutating its employee’s visitors, guests etc., as aforesaid from the Premises. |
i. |
On the expiry or sooner determination of the Lease, the Lessee shall be required to reinstate the Premises to the same condition as they shall be on the date of commencement of the lease, subject to normal wear and tear. The Lessee shall, without causing any damage to the Premises, be required to remove and take out all its furniture, fixtures, modular partitions, equipments and all other items installed by the Lessee at its cost. |
iii. |
However, upon expiry or sooner determination of lease, the Lessee may, at the sole option of the Lessor, leave behind in the Premises, such of the Lessee Improvements, as the Lessor may in its sole discretion permit and any Lessee Improvements left behind shall belong to the Lessor at no additional cost to the Lessor. |
iv. |
The Lessee shall have the right to install satellite dish, VSAT, Split AC on the terrace of the Premises at its own cost and expense after obtaining necessary permission/sanction from the concerned authority and after obtaining the Lessor’s consent as regards feasibility, location, etc., of the same. The Lessee shall |
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not pay any rent to the Lessor for installing the satellite dish on the terrace of the premises. |
Subject to the Lessee paying the Rent and all other payments as stipulated in this Deed and duly observing and performing all the terms and conditions on its part to be observed and performed, the Lessor shall have the following obligations:
i. |
The Lessor shall provide the Lessee, the right to use 51 (Fifty One Only) open and covered Car Parks across the basement and surface car parking areas of the Building. |
iii. |
The Lessee may use the aforesaid Car Parks for the purpose of two xxxxxxx parking and for parking their visitors vehicles. |
iv. |
In addition, the Lessor shall subject to availability and as per the request of Lessee shall provide (by way of written intimation to the Lessee) to use any additional car parking spaces that may become available in the basement of the Building or on the surface parking around the Building. The Lessee will be liable to pay rent |
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for such additional car parking at the rate of Rs. 5,000 (Rupees Five Thousand Only) per additional car parking space (“Additional Car Park Rent”) per month on the 10th of relevant month in advance for which the Additional Car Park Rent is due, which shall escalated as per escalated @ 15% every 03 (Three) years from the date of allotment of the additional car parks. |
Provided the Lessee duly observes and performs all the terms and conditions of this Lease Deed, the Lessee, its employees, agents, invitees, shall have access to the Premises as well as to the common areas of the Schedule B Property Twenty Four (24) hours a day and Seven (7) days a week, 365 (Three Sixty Five) days a year during the Initial Term and any renewal of the lease thereafter.
The Lessor shall permit the Lessee to put up its nameplates, logos and signages (together the “Signage(s)”) on the common building directory and on the floor/s occupied by the Lessee, as directed and approved by the Lessor. The Lessee shall not be permitted to put up any Signage on the façade of the Building or at any other location in the Project. The Lessor shall bear the first time cost of installation of the signage on the common Building directory. However, all other costs, charges and expenses including the cost of electricity consumed for such signage, etc., shall be borne by the Lessee.
i. |
The Lessor shall be responsible for the maintenance of the common areas in the Project. The standard scope of maintenance of common areas is set out in Annexure IV annexed hereto. |
ii. |
The Lessor shall also provide utilities and other services within the Premises in accordance with the Scope of Services set out in Annexure V annexed hereto. |
iii. |
The Lessor may hand over the overall maintenance of the common areas of the Project to an external agency (hereinafter referred to as the “Property Manager”) which shall be responsible for maintaining the Project, as per the standard scope of maintenance set out in Annexure IV. |
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vii. |
The Lessor shall be entitled to revise the CAM Charges every year based on the budgeted expenses which will be shared with the Lessee prior to the date of such revision. Any revision of CAM Charges shall be effective from 1st April of the relevant financial year. Such escalation will be notified to the Lessee in advance by the Lessor. The CAM Charges will be escalated on annual basis on cost together with management fee calculated at 20% of the actual cost, plus applicable taxes over the previously paid CAM charges and such increase shall be based on increase in the budgeted expenses. |
viii. |
In the month of June every year, the Lessor shall provide copies of the audited statement of expenditure of the cost |
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incurred in providing CAM services during the immediately preceding Financial year. |
ix. |
In case the actual cost incurred exceeds the estimated cost paid by the lessee during the relevant Financial year, the Lessee shall be bound to reimburse the differential cost together with management fee calculated at 20% of the actual cost, plus applicable taxes within a period of 7 (seven) working days of receipt of a written intimation from the Lessor. In case the actual cost incurred is less than the cost paid by the Lessee during the relevant Financial year, the Lessee will adjust the cost paid in excess during the immediately succeeding quarter. |
x. |
The Lessor/Property Manager shall, on being intimated by the Lessee of any repair/defect within the scope of the common areas maintenance service as described in Annexure IV, rectify/repair the same within a reasonable period. |
e. |
ELECTRICITY |
i. |
The Lessor has installed a separate meter for the Office Space to determine actual consumption of electricity by the Lessee for the Office Space. The Lessee will pay the electricity charges for electricity consumed in the Office Space as per actual consumption determined as per the said separate meter. |
ii. |
Utilities Deposit |
1. |
The Lessee shall, three months’ after the Lease Commencement Date, also pay to and keep deposited with the Lessee, during the term of the lease, an amount equivalent to 2 (Two) month’s charges for utilities consumed in the Premises (“Initial Utilities Deposit”), which shall be computed based on the average charges for utilities consumed during the first three months’ of the lease. |
2. |
On the completion of 12 (Twelve) months from the Lease Commencement Date, the charges for utilities consumed in the Premises during the aforesaid 12 (Twelve) month period will be reviewed and the maximum monthly charges for utilities consumed during such period will be recorded. The Initial Utilities Deposit shall, thereupon, be revised to an amount equivalent to twice the maximum amount so recorded (“Revised Utilities Deposit”). |
3. |
In case the Revised Utilities Deposit is more than the Initial Utilities Deposit the Lessee shall, |
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within 7 (seven) working days of receipt of a demand from the Lessor, pay to the Lessor, the differential amount required to make up the Revised Utilities Deposit, which shall thereafter be kept deposited with the Lessor as set out in sub clause (1) above. |
4. |
The Utilities Deposit / or the Revised Utilities Deposit, as the case may be, shall be refunded to the Lessee by the Lessor, on termination/expiry of the Lease, after deduction therefrom, of unpaid utilities charges, if any. |
5. |
In addition in case BESCOM serves a Demand Notice on the Lessor, seeking additional Monthly Minimum Deposit (MMD), the Lessee will bear the same by depositing the same with the Lessor based on the demand notice served by BESCOM. The amount to be deposited will be calculated proportionately based on the Leasable Area of the Premises and the same will be refunded by the Lessor to the Lessee on expiry or early termination of the Lease. |
The Lessor covenants that, subject to the Lessee paying the Rent and performing its obligations under the Lease, the Lessee shall be entitled to quiet and peaceful occupation of the Premises during the Term of the lease without any interruption by or from the Lessor or any person claiming under, through or in trust for the Lessor.
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The Lessor shall be responsible for undertaking all structural repairs in the Building (including the Premises), during the subsistence of the lease and such cost shall be borne by the Lessor unless the same is caused on account of negligence of the Lessee or its employees/ agents/ visitors.
The Lessee represents, warrants and covenants to the Lessor as follows:-
i. |
During the tenure of this lease and any renewal contemplated herein, the Lessee shall use the Premises solely for purpose of Software Product Development and related activites, Computer Software or Information Technology/ Information Technology Enabled Services only. |
ii. |
That the activity set out under I above is an Industrial Activity as defined in both of: Section 6.2.12.1(v) of the Consolidated FDI Policy issued by the Department of Industrial Policy and Promotion, Ministry of Commerce and Industry, Government of India and effective from _June 7, 2016, a relevant of extract of which has been reproduced below: |
“(v)“Industrial Activity” means manufacturing, electricity, gas and water supply, post and telecommunications, software publishing, consultancy and supply, data processing, database activities and distribution of electronic content, other computer related activities, basic and applied R & D on biotechnology, pharmaceutical sciences/ life sciences, natural sciences and engineering; business and management consultancy activities and architectural, engineering and other technical activities.” and
The activity falls under 1 above falls under the ambit of Industrial Activities as detailed above; and
iii. |
Relying upon this among other representations of the Lessee detailed herein the Lessor has agreed to grant the lease of the Premises. In addition to the above, the Lessee shall produce such documents as may be requested by the Lessor to ensure that the above representation of the Lessee is true and accurate. |
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c. |
The Lessee shall not use or permit/suffer to be used the Premises or any part thereof, for any purpose other than for the abovementioned purpose; |
k. |
The Lessee is aware that the building wherein the Premises is located is a strictly no-smoking area. The Lessee shall ensure that no act in contravention of the provisions of ‘Prohibition of Smoking in Public Places Rules, 2008’ is committed in the Premises or in the common spaces of the Building wherein the Premises are located. In case any offence under the ‘Prohibition of Smoking in Public Places Rules, 2008’ is committed in the Premises, by any employee / visitor of the Lessee, the Lessee shall be responsible for the same and any fine payable in respect |
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The Lessee is aware and understands that the Lessor has entered into this transaction, and has agreed to grant the lease to the Lessee to enter upon, use and occupy the Premises, relying solely on the Lessee agreeing, undertaking and covenanting to strictly observe, perform, fulfill and comply with all the terms, conditions, covenants, stipulations, obligations and provisions contained in this Lease Deed, and on the part of the Lessee to be observed, performed, fulfilled and complied with, and therefore, the Lessee hereby agrees, undertakes and covenants to indemnify, save, defend and keep harmless at all times hereafter, the Lessor and its successors and assigns, from and against all costs, charges, expenses, losses, damages, claims, demands, suits, actions, proceedings, prosecutions, fines, penalties and duties, which it, they or any of them may have to bear, incur or suffer, and/or which may be levied or imposed on it, them or any of them, by reason or virtue of or arising out of any breach, violation, non-observance, non-performance or non-compliance of any of the terms, conditions, covenants, stipulations and/or provisions hereof by the Lessee and/or its permitted successors and permitted assigns.
The Lessee shall pay regularly the Rent, CAM Charges, utilities charges and other charges payable under the Lease within the time specified herein, failing which the Lessee shall, without prejudice to any other remedies that the Lessor may be entitled to under this Lease Deed and/or in law, be liable to pay interest on the payments delayed at the rate of 18% per annum for the period of delay in addition to the right of the Lessor, in its sole discretion and without notice, to stop supplying to the Lessee electricity / air conditioning/ water and / or all other services in addition to any other remedies/ actions the Lessor may take in its sole discretion. By doing so, the Lessor shall have no responsibility or liability for any loss and damage, if any, suffered by the Lessee and the Lessee shall not be entitled to lodge any claim whatsoever against the Lessor as a result of such action.
The Lessee shall, forthwith on the expiry of the lease or its earlier termination as per the terms hereof, remove the items brought by them to the Premises without causing damage to the Premises, reinstate the Premises to the state in which the Premises was leased, (normal wear and tear excepted), clear the debris from the Premises, xx-xxxx the Premises, if custom bonded, and hand over peaceful possession of the Premises in neat and clean condition to the Lessor simultaneous with refund
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of Security Deposit in terms of Clause 5(b) above. In the event the Lessee fails to get the Premises de-bonded within the notice period it shall be assumed that the peaceful, vacant and physical possession of the Premises has not been handed over by the Lessee to the Lessor on the expiry or earlier termination of the lease and the Lessor shall be entitled to claim damages, payments, dues in accordance with the terms of this Lease Deed.
c. |
SUB – LEASING AND ASSIGNMENT |
i. |
The Lessee may, with prior written consent of the Lessor (such consent not to be unreasonably withheld), sub-lease all or part of the Premises to its Affiliates for the same rent as the Rent payable hereunder. The Lessee shall while seeking such consent, submit to the Lessor all such documents as the Lessor may require to evidence such a relation between the Lessee and its Affiliate/s. |
ii. |
The term of any such sub-lease shall not exceed this Lease Period and the Lessee shall not be entitled to sub-lease the Premises during any Renewed Period of the Lease. |
iii. |
The Lessee shall however, at all times, during the lease even in the event of sub-lease be liable for performance of all the terms of the Lease. |
iv. |
The Lessee shall not be entitled to assign the Lease. |
v. |
The Lessee shall also not be entitled to charge a higher rent to any such sub – lessee than the Rent payable hereunder. |
vi. |
For the purposes of this Clause |
1. |
“Affiliate/s” in relation to any Party means an entity/ies which Controls, is Controlled by, or is under the common Control with that Party; |
2. |
“Control” means the beneficial ownership directly or indirectly of more than 50% of the voting securities of such entity or the control of the majority of the composition of the Board or the principal governing body or the power to direct or influence the management or policies of such entity directly or indirectly, whether through the ownership or voting of securities, by contract or otherwise; and the terms “Controlling”, “Controlled”, “Controls” and / or related cognate expressions shall have meanings correlative to the foregoing. |
In the event, the Lessees or either of them desire/s to merge/ amalgamate/ consolidate and / or transfer its assets with/to any entity, then the Lessees shall, before effecting such
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merger/amalgamation/consolidation/transfer, duly intimate the Lessor regarding the same. In the event of a transfer of assets which include the Lessees’ leasehold rights to the Premises, the Lessees shall ensure that the existing lease deed is surrendered / novated and the entity acquiring the assets of the Lessees executes a fresh lease deed with the Lessor, on identical terms and conditions as those set out in the Lease.
The Lessor, its authorized agents or representatives shall, upon forty eight (48) hours advance notice in writing to the Lessee, be entitled to enter upon the Premises at all reasonable times and during normal business hours for the purpose of inspecting the state and condition of the Premises or to carry out any repair or maintenance as may be required from time to time. However, the Lessor, its authorized agents or representatives shall not be required to give notice as referred to in this clause, if it requires to enter the Premises at any time for the purposes of carrying out urgent / emergency repairs, or if it is required to enter the Premises in order to ensure the safety and security of the Premises or any part thereof and/or the Building or any part thereof.
ii. |
All the taxes referred to in sub clause (i) above are collectively referred to as (“Taxes”). |
iii. |
Further, the Lessor shall ensure that applicable tax from the date of introduction of GST, (i.e. IGST or CGST & SBST), is charged in the invoices considering the place of supply as provided in the GST laws along with rules thereto. |
iv. |
The Lessee shall furnish to the Lessor in writing details of the Lessee’s registration under GST and shall further promptly keep the Lessor informed of any changes in the same. |
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The Lessee shall, at its own expense, obtain suitable insurance policies such as Fire & allied perils Policy, to cover damages to the properties belonging to Lessee and Public Liability Insurance Policy/Commercial General Liability/ Workmen’s Compensation Policy, etc, to cover its various legal liabilities. Insurance Policies obtained by the Lessor are exclusively to cover the loss and / or damage to the property belonging to the Lessor and legal liability of the Lessor alone, towards the public. Under no circumstances, shall the Lessor be liable or responsible for the consequences of any negligence on the part of the Lessee.
2. |
any misrepresentation or suppression by the Lessor of any facts that results in the Lessee being prevented from using and occupying the Premises; or |
3. |
any negligent acts of the Lessor, its agents or Property Manager. |
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II. |
Further, if GST Credit is denied to the Lessee on account of mismatch in the returns filed by the Lessor or on account of delay/ failure on the part of the Lessor, to file returns or due to incorrect reporting by the Lessor, the Lessor hereby agrees and undertakes to indemnify the Lessee only to the extent of loss of input tax credit on account of such mismatch/delay/ failure/incorrect reporting, as the case may be. |
The Lessee shall, indemnify and hold harmless the Lessor from actions, proceedings, suits, claims, demands, losses, damages, costs, charges, and expenses incurred or suffered by the Lessor on account of any or all of the following,-
iii. |
any physical/bodily injury or death of any person/s or damage to real and tangible property of the Lessor caused by the negligent act or willful default of the Lessee; or |
iv. |
any damage caused to the Building solely and directly due to negligent acts of the employees, representatives, servants, helpers, contractors, visitors etc of the Lessee; or |
vi. |
any liability incurred by the Lessor on account of loss of GST credits for reasons attributable to failure on the part of the Lessee to provide adequate and proper details as required to be included in the invoices for the Rent. |
Notwithstanding any other provisions contained in this Lease Deed, neither party shall be liable to the other for any special, indirect, incidental, consequential, or like damages (including but not limited to any direct or indirect business loss, loss of profits, loss of opportunity, loss of anticipated revenues or profits, or loss of contracts). Provided, however, that the rental losses suffered by the Lessor shall be construed to be included in the direct losses incurred by the Lessor and hence covered in the Lessee’s indemnity.
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In the event of the Lessor being desirous of selling/ assigning/alienating its rights, title and interest in the Premises, the Lessor may do so subject to the Lease in favour of the Lessee. The Lessee shall attorn to and accept such Purchaser as the Lessor of the portion so sold. PROVIDED, HOWEVER, that the Lessor shall ensure, (by incorporating suitable covenants in the Deed to be entered into with the purchaser/ assignee/ alienee), that the purchaser/ assignee/alienee shall agree to be bound by the terms and conditions contained in this Lease Deed.
Page 24 of 35
ii. |
Notwithstanding the above, the Notice to Remedy in any of the following circumstances shall be a period of 7 (Seven) days and in the event of failure of the Lessee to cure the remedy complained therein, the lease granted under this Lease Deed shall forthwith stand terminated,- |
1. |
If the Lessee fails to pay Rent for any month for a period of 60 (Sixty) days from the due date; |
2. |
If the Lessee commits breach of Clause (IV) 10 (c) above; |
3. |
If at any time during the term of the Lease,- |
a. |
the Lessee commits an act of insolvency under the laws; or |
b. |
if the Lessee files a petition for reorganization, or for arrangement or for the appointment of a receiver or trustee or for winding up of all or a portion of the Lessee’s properties; or |
c. |
where an involuntary petition of any kind referred to in sub - clauses (a) and (b) of this Clause is filed and admitted against the Lessee; or |
iii. |
where a receiver is appointed for any property (including Premises), by order of a court of competent jurisdiction and such appointment is not cancelled or withdrawn within thirty (30) days from the date of appointment. |
i. |
If the Lessor commits breach of any of the terms and conditions of this Lease Deed, the Lessee shall issue Notice to Remedy to the Lessor calling upon the Lessor to rectify the breach within 30 (thirty) days therefrom, on |
Page 25 of 35
On expiry or termination of lease, as the case may be,-
Page 26 of 35
iv. |
Further, it is agreed that, in the event the Lessee fails to get the Premises de-bonded within the notice period it shall be assumed that the peaceful, vacant and physical possession of the Premises has not been handed over by the Lessee to the Lessor on the expiry or earlier termination of the lease and the Lessor shall be entitled to claim damages, payments, dues in accordance with the terms of the Lease Deed. |
If any differences arise between the Lessor and the Lessee out of or relating to the terms of this Lease Deed, the affected Party shall issue a notice (“the Notice of Dispute”) to the other Party stating the nature of the differences (“Dispute”) and call upon the other Party to resolve the Dispute. The Parties shall use all reasonable efforts to resolve the Dispute through negotiations and conciliation. If the Dispute cannot be settled through negotiations and conciliation within thirty (30) days from the date of service of the Notice of Dispute, the Dispute shall be settled by arbitration in accordance with the Indian Arbitration and Conciliation Act, 1996 by a sole arbitrator, whose order shall be final and binding on the Parties and all proceedings shall be subject to the laws of India and conducted in English and the venue of arbitration shall be Bangalore, Karnataka, India. During the arbitration proceedings, both Lessee and Lessor shall continue to fulfill their obligations under this Lease Deed, including the obligation to pay rent and all other amounts due and payable under this Lease Deed.
Subject to the provisions of the foregoing clause, this Lease Deed and the Lease Deed shall be subject to the jurisdiction of the Courts of Bangalore, Karnataka, India and shall be subject to the laws applicable in India.
a. |
Any notice, information, intimation, or document required or authorised by this Lease Deed, shall be given in writing in English and shall be deemed to have been duly given or delivered,- |
i. |
Upon delivery by hand at the addresses referred to in sub-clause (b) below and obtaining written acknowledgement in receipt thereof; or |
ii. |
Upon sending it by a recognized courier to the relevant Parties at the addresses referred to in sub-clause (b) below; or |
iii. |
Upon sending it by registered post acknowledgement due (RPAD) to the relevant Parties at the addresses referred to in sub-clause (b) below; or |
Page 27 of 35
v. |
Upon sending it by e – mail, to the e – mail addresses mentioned below; |
Provided further that, in the event of any ambiguity or dispute regarding the service of any notice, intimation, document or information, service shall be deemed to be sufficient,-
2. |
in the event of sending by a recognized courier, upon proof of delivering for the service to the courier agency; |
3. |
in the event of sending by a registered post with or without acknowledgement due, upon proof of putting the same into ordinary course of communication by post; and |
4. |
in the event of sending it by facsimile to the number provided by the Parties, upon receipt of facsimile transmission report. |
5. |
In the event of sending it by e – mail, the same shall also be followed up by sending a copy through the manner set out in sub – clauses (i), (ii) or (iii) above and proof of delivery shall be in the manner set out on sub – clauses 1, 2 or 3 above. |
Provided further that, that where more than one of the modes specified above are adapted, consequent to which, more than one date is available for deeming, the earliest among them shall be reckoned to be the deemed date of completion of service.
b. |
The address and other details of the Parties for the purpose of communication, unless otherwise notified in writing to the other Party shall be as follows: |
RMZ Ecoworld Infrastructure Private Limited,
Level 12 – 14, Tower ‘B’, The Millenia, Xx. 0 & 0, Xxxxxx Xxxx, Xxxxxx, Xxxxxxxxx 560 001.
Kind Attn : Head – Tenant Relations
E – Mail : xxxxxx.xxxxxxxxxxx@xxxxxxx.xxx
Fax No.: x00 (00) 0000 0000
Mobile Iron Software Private Limited
MobileIron India Software Private Limited
Page 28 of 35
0xx Xxxxx, Xxxxxxx Xxxxx, Xxxxxx Google,
Kondapur, Hyderabad 500 084.
Kind Attn : Xx. Xxxxxx Xxxxx, Regional Head – HR
E – Mail : xxxxxx@xxxxxxxxxx.xxx
Fax No.: 000-00000000
The Lessee shall be responsible for undertaking registration formalities of the Lease Deed at the concerned office of the Sub Registrar within 60 (Sixty) days from the date of execution of the Lease Deed. The stamp duty, registration charges and any other related expenses applicable / incurred towards execution and registration of the Lease Deed and any other ancillary or supplementary documents, including deeds of surrender etc., will be borne by the Lessee.
The various rights and remedies available to the Parties under this Lease Deed shall not be exclusive of each other but are cumulative and shall not exclude any other statutory right or remedy except where they are excluded specifically or by necessary implications by the terms of this Lease Deed as the case may be.
A right created under this Lease Deed shall not be waived, varied, or novated entirely or partially, except in writing signed by the Parties hereto and no delay or omission in the exercise of such right or power by either party shall impair or detract from any such right or power, nor shall be construed as a waiver of default, if any or as acquiescence therein. Unless otherwise expressly stated in the writing referred to above, one or more instance of waiver of the breach of any covenant, term or condition of this Lease Deed by either party shall not be construed by the other Party as a waiver of a subsequent breach of the same covenant, term or condition.
The Lease Deed and the Annexures thereto shall (upon its execution) constitute the entire Agreement between the Lessor and the Lessee with respect to the Lease of the Premises and shall supersede any other prior oral or written communications, representations or statements with respect to the transaction contemplated in this Lease Deed. This Lease Deed may not be modified, altered or amended in any manner except by an agreement in writing executed by the Parties. If a court holds any provision of this Lease Deed to be invalid, the remainder of this Lease Deed will be valid, enforceable and effective to the extent to which such remainder is workable and represents substantially the essence of the Agreement between the Parties.
Page 29 of 35
c. |
The stamp duty, registration charges and any other related expenses applicable / incurred towards execution and registration of this Lease Deed and any other ancillary or supplementary documents, including deeds of surrender etc., will be borne by the Lessee; |
d. |
Each of the Parties shall bear their respective brokerage charges and other legal costs and fees incurred by them relating to or in connection with this Lease Deed. |
Page 30 of 35
THE SCHEDULE A ABOVE REFERRED TO:
Item No.(i):
All that piece and parcel of converted land bearing Sy. No. 98/1 admeasuring 2 Acres 16 Guntas situated at Bhoganahalli Village,Varthur Hobli, Bangalore East Taluk, (formerly called as South Taluk) Bangalore and bounded on:
East by |
: |
Property bearing Sy. No.98/2; |
West by |
: |
Property bearing Sy. No.99; |
North by |
: |
Property bearing Sy. No.102/2 and 102/3; |
South by |
: |
Property bearing Sy. Xx.00/0 & 00/0 xx Xxxxxxxxxxxxxx Xxxxxxx; |
Item No.(ii)
All that piece and parcel of converted land bearing Sy. No. 98/2 admeasuring 1 Acre 24 Guntas situated at Bhoganahalli Village,Varthur Hobli, Bangalore East Taluk, (formerly called as South Taluk) Bangalore and bounded on:
East by |
: |
Internal Driveway and remaining part of same Sy. No.98/2; |
West by |
: |
Property bearing Sy. No.98/1; |
North by |
: |
Property bearing Sy. No.102/3 and 104/2; |
South by |
: |
Property bearing Sy. No.72/5 of Doddakanahalli Village; |
Item No.(iii)
All that piece and parcel of converted land bearing Sy. No. 99(P) admeasuring 0 Acre 25 Guntas situated at Bhoganahalli Village,Varthur Hobli, Bangalore East Taluk, (formerly called as South Taluk) Bangalore and bounded on:
East by |
: |
Property bearing Sy. No.98/1; |
West by |
: |
Remaining portion of Sy. No.99; |
North by |
: |
Property bearing Sy. No.102/2; |
South by |
: |
Property bearing Sy. No.72/1 of Doddakanahalli Village; |
Item No.(iv)
All that piece and parcel of converted land bearing Sy. No. 101(P) admeasuring 08 Guntas situated at Bhoganahalli Village,Varthur Hobli, Bangalore East Taluk, (formerly called as South Taluk) Bangalore and bounded on:
East by |
: |
Property bearing Sy. No.102/1; |
West by |
: |
Private Property; |
North by |
: |
Remaining portion of Sy. No.101; |
South by |
: |
Property bearing Sy. No.100; |
Item No.(v)
All that piece and parcel of converted land bearing Sy. No. 102/1 admeasuring 13
Page 31 of 35
Guntas situated at Bhoganahalli Village,Varthur Hobli, Bangalore East Taluk, (formerly called as South Taluk) Bangalore and bounded on:
East by |
: |
Property bearing Sy. No.102/2; |
West by |
: |
Property bearing Sy. No.101; |
North by |
: |
Remaining portion of Sy. No.102/1; |
South by |
: |
Property bearing Sy. No.99; |
Item No.(vi)
All that piece and parcel of converted land bearing Sy. No.102/2 admeasuring 24 Guntas situated at Bhoganahalli Village,Varthur Hobli, Bangalore East Taluk, (formerly called as South Taluk) Bangalore and bounded on:
East by |
: |
Property bearing Sy. No.102/3; |
West by |
: |
Property bearing Sy. No.102/1; |
North by |
: |
Remaining portion of Sy. No.102/2; |
South by |
: |
Property bearing Sy. No.99 and 98/1; |
Item No.(vii)
All that piece and parcel of converted land bearing Sy. No.100 admeasuring 02 Acres 27 Guntas situated at Bhoganahalli Village,Varthur Hobli, Bangalore East Taluk, (formerly called as South Taluk) Bangalore and bounded on:
East by |
: |
Property bearing Sy. No.99; |
West by |
: |
Private Property; |
North by |
: |
Property bearing Sy. No.101; |
South by |
: |
Property bearing Sy. No.72/1 of Doddakanahalli Village; |
Item No.(viii)
All that piece and parcel of converted land bearing Sy. No. 102/3 admeasuring 22 Guntas situated at Bhoganahalli Village,Varthur Hobli, Bangalore East Taluk, (formerly called as South Taluk) Bangalore and bounded on:
East by |
: |
Property bearing Sy. No.104/2 and internal driveway; |
West by |
: |
Property bearing Sy. No. 102/2; |
North by |
: |
Remaining portion of Sy. No.102/3; |
South by |
: |
Property bearing Sy. No.98/1 and 98/2; |
Item No.(ix)
All that piece and parcel of converted land bearing Sy. No.99 measuring 03 Acres 33 Guntas situated at Bhoganahalli Village,Varthur Hobli, Bangalore East Taluk, (formerly called as South Taluk) Bangalore and bounded on:
Page 32 of 35
East by |
: |
Remaining portion of Sy. No.99; |
West by |
: |
Property bearing Sy. No. 100; |
North by |
: |
Remaining portion of Sy. No.102/1 & 102/2; |
South by |
: |
Property bearing Sy. Xx.00/0 0xx Xxxxxxxxxxxxxx Xxxxxxx; |
THE SCHEDULE B ABOVE REFERRED TO
All that piece and parcel of property Sy. No. 98/1 admeasuring 2 Acres 16 Guntas, Sy. No. 98/2 admeasuring 1 Acre 24 Guntas, Sy. No. 99(P) admeasuring 0 Acre 25 Guntas, Sy. No. 101(P) admeasuring 08 Guntas, Sy. No. 102/1 admeasuring 13 Guntas, Sy. No.102/2 admeasuring 24 Guntas, Sy. No.100 admeasuring 02 Acres 27 Guntas, Sy. No. 102/3 admeasuring 22 Guntas, Sy. No.99 measuring 03 Acres 33 Guntas, totally measuring about 12 Acres 32 Guntas, all situated at Xxxxxxxxxxxx Xxxxxxx, Xxxxxxx Xxxxx, Xxxxxxxxx East Taluk (formerly Bangalore Taluk) Bangalore and bounded on:
East by |
: |
Internal Driveway; |
West by |
: |
Private Property; |
North by |
: |
Property bearing Sy. Nos.101, 102/1, 102/2. 102/3 and 104/2; |
South by |
: |
Property bearing Sy. Nos. 72/1 and 72/5 of Doddakanahalli Village; |
THE SCHEDULE C ABOVE REFERRED TO
(THE PREMISES)
Office space bearing Xxxx Xx. 000 xxx Xxxx Xx. 000, measuring 40,532 square feet of Leasable Built-up Area (defined here below) on the Eight floor of the said Building, - as shown on the Plan annexed hereto as Annexure III along with the exclusive right of use of 51 (Fifty One Only) Nos. open and covered car parking spaces across the basement and surface car parking areas, in the Xxxxxxxx, Xxxxxx 0 constructed on the Schedule A Property and being a part of the Project, known as RMZ Ecoworld, situated at Sarjapur Marathalli Outer Ring Road, Bangalore.
LIST OF ANNEXURES FORMING PART OF THIS DEED
Annexure II – Base Building Specifications
Annexure III – Floor Plans
Annexure IIIA – Car Parking Layout
Annexure IV – Scope of Common Area Maintenance Services
Annexure V – Scope of Services within the Premises
Page 33 of 35
Annexure VI – Fit Out Guidelines
IN WITNESS WHEREOF THE PARTIES hereto have executed this Deed, the day, month and year first hereinabove written.
SIGNED AND DELIVERED by the within named LESSOR, RMZ Ecoworld Infrastructure Private Limited by the hand of its Authorised Signatory, Xx. Xxxxxx X Xxxxx, in the presence of:
SIGNED AND DELIVERED by the within named LESSEE, MobileIron India Software Private Limited by the hand of its Authorized Signatory, Xx. Xxxxxx Xxxxx as per the resolution of the Board of Directors of the LESSEE dated 26 May 2015 in the presence of:
For RMZ ECOWORLD INFRASTRUCTURE PVT. LTD.
/s/ Xxxxxx X Xxxxx
For Mobile Iron India Software Private Limited
/s/ Xxxxxx Xxxxx
WITNESSES:
1.X X Xxxx Xxxxx
The Millenia, Xxx 00-00
Xxxxxx Xxxx
Xxxxxx, Xxxxxxxxx - 0
2.Xxx Xxxxxxx
Xxxx #0 Xxxxx 0
Xxxxx, Xxxxxx
Xxxxxxxxx - 62
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